Country Level Economics: Macroeconomic Variables and Markets

Country Level Economics: Macroeconomic Variables and Markets

University of Illinois at Urbana-Champaign

À propos de ce cours : This course discusses how macroeconomic variables affect individuals’ personal, professional, and public activities and lays the foundation for the analysis of the mechanisms that drive macroeconomic variables. It start in its first module by introducing the key macroeconomic variables and explaining how they are defined and measured in order to enable the students to interpret macroeconomic data properly.
In the second module, the course offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. In particular, it applies this approach to the analysis of the relationship of the trade deficit with the budget deficit and private savings, offering insights about some key determinants of the balance of payments.
The third and fourth modules focus on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination. They also discuss how these variables interact with each other and with the macroeconomic conditions, particularly monetary policy and the expectations about the future trends in the economy. These analyses lay the foundation for more comprehensive models of the macroeconomy in the next course of the Managerial Economics and Business Analysis Specialization.
At the end of this course, you will be able to:
• Systematically assess the national and international economic environment in which you live and work.
• Analyze macroeconomic issues using key tools.
• Be a more effective professional in your line of activity.
This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Vidéo: 1-1.1. Introduction to Macroeconomic Indicators and the Sources of Macroeconomic Data

练习测验: Lesson 1-1 Practice Quiz

Vidéo: 1-2.1. The Unemployment Rate: Definition and Measurement

练习测验: Lesson 1-2 Practice Quiz

Vidéo: 1-3.1. GDP: Definition

Vidéo: 1-3.2. GDP: Measurement

Vidéo: 1-3.3. GDP: Improvements in Real GDP Measurement

Vidéo: 1-3.4. GDP: Comparison Across Countries

练习测验: Lesson 1-3 Practice Quiz

Vidéo: 1-4.1. The Price Level and Inflation: The Basics

Vidéo: 1-4.2. Problems in Measuring the Cost of Living Inflation

练习测验: Lesson 1-4 Practice Quiz

Noté: Module 1 Peer Review Assignment

Noté: Module 1 Quiz

SEMAINE 2

Module 2: GDP Components, Twin Deficits, and Balance of Payments

Expenditure is often different from income for individuals, but for the economy as a whole, aggregate income is always identical to aggregate expenditure. This has important implications for the functioning of the macroeconomy and the way policies affect it. The income-expenditure identity is also fundamental to the ways various part of the economy with different processes interact with each other. For example, it sheds a lot of light on the formation of the trade deficit and its connection with budget deficit and private savings.

How does the exchange rate affect the trade balance and foreign payments of an economy? How does the exchange rate interact with domestic and foreign prices to determine the competitiveness of an economy’s producers? Where does the exchange rate come from? Since currencies are assets that can be bought and resold at different times, their exchange rates must depend on expectations and futures markets. How do the spot and forward exchange rates interact with the expected rates of future dates?

The interest rate determines the exchange rate, the cost of capital, and the opportunity cost of using money. How is the interest rate determined? What factors drive the supply and demand for money? What constitutes money? What role do banks play in the monetary system? How do central banks influence the money market and the interest rate?

Vidéo: 4-2.2. Money, Inflation, and Interest Rate in the Short Run and the Long Run

练习测验: Lesson 4-2 Practice Quiz

Noté: Module 4 Quiz

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University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.

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Note moyenne 4.1 sur 5 sur 221 notes

Extremely beneficial to those wanting to learn about country level macroeconomics. The support reading material is on point but densely packed for the initiate. Get ready for a thought provoking experience, that will test your analytical skills.

SD

Amazing way delivering the courseThis was my first Coursera courseI loved every bit of it.Thanks a lot Professor